Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: r.edwards who wrote (20799)	7/22/1999 3:05:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

RE- I don't like to give out advice on specific trades, (and you would probably be wise not to follow it if I did)<g>, but these three little words of general trading advice have served me well- 'Use trailing stops'. Regards, TW

To: r.edwards who wrote (20799)	7/28/1999 12:30:00 PM
From: Les H	Respond to of 99985

August 11 (solar eclipse) also important date for Korea's Daewoo (see bottom) Japanese authorities are aware that Asian central banks have been selling dollars recently, but feel the move is not part of an effort to negate the impact of the large-scale dollar buying by the BOJ, a Tokyo source told Market News. He said Japan's economic planners feel the Asian central bank sales are most likely attempts at defending the stability of their own currencies. Sources still wonder, however, what the BOJ has done with $US intervention proceeds. Ichizo Ohara, a senior Liberal Democratic Party legislator, reportedly said Japanese Prime Minister Obuchi and Finance Minister Miyazawa have agreed the government will provide additional economic support for the economy. Ohara said, "The PM and the FM have agreed to compile the secondary supplementary budget for this year." Obuchi reportedly feels the size of the budget may be considered after looking at numbers of the April-June GDP, due out around Sept. 10, Ohara said. Say, isn't Ohara an Irish name? Duff & Phelps said Wednesday that a devaluation of China yuan would not destabilize Asia's emerging economies if those countries maintain their structural reform programs. "Clearly a Chinese devaluation could lead to some market turmoil in Asia; however, this will be short-lived in those countries that stay the course on economic reform." Daewoo Group said it opposes the Korean government's decision to give creditors control over the sale of its assets. The government gave Daewoo's main creditors until Aug. 11 to decide what company units to sell and when. Analysts say this decision reflects the government's commitment to restructure Daewoo vigorously and rapidly.